Software to enable a decentralized world.
On August 1st, 2020 the Shardus team hosted its quarterly update event virtually to present development progress the team made during the second quarter amidst the COVID-19 pandemic. The DAO has held itself accountable to its milestones as it has continued to execute in alignment with the Shardus Project Roadmap. From 2017 to Q2 2020 the Shardus Software has progressed from being capable of supporting a static decentralized network with TPS constraints to supporting a state sharded decentralized network where TPS increases as nodes are added to a network. Shardus’ 2020 Q2 update included an overview of progress in the software, marketing updates and a demonstration of Shardus’ snapshot feature.
Omar Syed, Shardus Chief Architect, introduced Shardus with its new ethos, “Enabling a Decentralized World.”. When you look at what the blockchain industry is attempting to achieve at a macro level you see a global community of developers building software to decentralize many aspects of society. Although developers’ ambitions in the DLT space are currently limited by the scalability constraints of the decentralized networks they build applications on top of. For example, many DeFi applications are built on Ethereum yet Ethereum can currently only handle a maximum of 15 TPS. How can you disrupt centralized applications in modern society when you aren’t able to handle the throughput global adoption will bring? The mission behind Shardus is to enable developers with software capable of building decentralized networks that can handle infinite transaction throughput. Shardus Association members are eager to enable the paradigm shift the global adoption of DLT will produce. As you can see below the Shardus Association is only a few quarters away from completing the Shardus software.
The Shardus Association is making its first impression on the world with Liberdus. Liberdus is the first decentralized application developed on a network built with Shardus. Liberdus is a key project for the Shardus Association because it will set the reputation of the Shardus software. If successful, Liberdus will instill confidence in developers interested in developing their own dApp’s with Shardus. In Q2 the Shardus Association launched the public test net for Liberdus which you can try out here. Liberdus includes features such as a decentralized wallet, the ability to map a username to a wallet address, to link a verified email address to the account, decentralized messaging, friending, funding proposals, network parameter change proposals and staking. Funding proposals and network parameter change proposals are two key features that enable Liberdus to function as a DAO. Funding proposals allow LBD holders to vote on and fund projects that will support the growth of Liberdus and Shardus. Network parameter change proposals allow LBD holders to vote on network fees and usage tolls. Throughout Q3 the Shardus team is committed to completing Liberdus’ parameter and funding proposal features as well as improving its UX. Community members are invited to provide feedback on the economic model as well as features of Liberdus before the launch of the main net.
After reviewing what’s next for Liberdus the presentation transitioned to a demonstration of Shardus’ snapshot feature. When reviewing new technology most will consider the stability of it. As Shardus aims to enable the development of many new decentralized applications there is a high likelihood some of the applications will need to be taken offline. Ensuring decentralized networks can recover from an outage and retain user data is important to the long term viability of decentralized applications. In a sharded network this is much more difficult since nodes hold only a small fraction of the complete network state. During the Q2 2020 Event Shardus Developer, Aamir Syed, demonstrated Shardus’ snapshot feature which allows networks built with Shardus to recover from a complete outage even when only a fraction of the original nodes return to the network. During the demonstration, Aamir fully took down the Liberdus network and restarted 50% of nodes with all data still accessible on the Liberdus client. Outages with any application can happen due to numerous reasons and the snapshot feature gives developers and users a sense of security that their data will never be lost.
During Q2 2020 the Shardus community reached some exciting milestones! The Shardus token, ULT, was listed on its first centralized exchange, Probit. Probit is an exchange based in South Korea which provides Shardus distribution to Southeast Asia. The Probit listing led to Shardus trading volume data being tracked on CoinMarketCap. Finally, Shardus was invited to present at the Wyoming Blockchain Stampede event. Being invited to speak at the Wyoming Blockchain Stampede event is a great honor as many US politicians, prominent investors and entrepreneurs will be on the panel. Shardus is positioned for continued development progress and ecosystem growth in Q3!
Summary
- Shardus snapshot feature completed.
- The Liberdus test net is up at https://test.liberdus.com
- Shardus listed on Probit Exchange.
- Shardus was invited to speak at the Wyoming Blockchain Stampede event.
- State sharding model change and rewrite.
Shardus 2020 Q2 Presentation Recording: https://youtu.be/2Z9W_JsSSPY
Follow Shardus!
Twitter: https://twitter.com/ShardusLedger, https://twitter.com/Liberdus
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Reddit: https://reddit.com/r/Shardus
